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Pegasus Capital has good feeling about Six Senses Resorts purchase

10 Apr 2012

US mid-market specialist Pegasus Capital has agreed to buy Bangkok-based Six Senses Resorts and Spas.

The deal will see the firm take control of resorts and spa management contracts across Thailand, Vietnam, Oman and the Maldives covered by the Six Senses and Evason brands.

Pegasus founder Craig Cocut said, “Six Senses is known around the world for providing a unique and innovative guest experience.

“The brand has a great heritage, and we believe it is strongly positioned to grow.

“The new Six Senses will be a debt-free company with committed capital for expansion into new and within existing international markets.

“We are confident that our president Bernhard Bohnenberger and our strong management team will continue to build on its legacy as a recognized leader in luxury hospitality.”

Six Senses’ Soneva brand and resorts, as well as the company’s real estate assets and holdings, are not included in the transaction.

Current Six Senses president Bernhard Bohnenberger will continue in the role as part of the deal, which is expected to close within the next three months.

New York-based Pegasus closed its fourth fund, Pegasus Partners IV, on its $750m cap in 2007 following a 15 months fundraise.

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